Real Estate Bargains Up to 90% Off! – Craven County – North Carolina Tax Deed Investing

Discover the goldmine of real estate deals at Craven County, North Carolina’s Tax Foreclosure Sale. It’s your ticket to acquiring properties well below market value right at the New Bern courthouse.

Investing in tax foreclosure sales in Craven County is a smart way to acquire real estate at a fraction of its market value. These sales occur at the New Bern courthouse and can provide significant returns compared to traditional investments. With a relatively low entry cost, you can start your journey into property ownership.

Understanding Tax Lien Certificates or Tax Deeds

Tax lien certificates and tax deeds represent two primary methods of investing in tax-foreclosed properties. In Craven County, the focus is on tax deeds, meaning you are buying the property itself rather than a lien on it. When you win a bid, you need to pay a 20% deposit, and if no upset bids are made within 10 days, you can acquire the property through a quitclaim deed.

Steps to Start Tax Deed Investing in Craven County

  1. Research and Understand Local Laws

    Knowing the legal framework and regulations in Craven County is essential. The county’s tax sales are governed by local laws that dictate how the auctions are conducted and what buyers need to know.
  1. Visit the Local Treasurer’s Website

    For comprehensive information, visit the Craven County Tax Administration page:
  1. Check the Auction Site

    Auctions are held at the courthouse door in Craven County, New Bern, North Carolina, typically at noon. For specific listings and schedules, check the courthouse bulletin board or The Sun Journal every Wednesday.
  1. Read the Details About Tax Deeds

    It’s crucial to understand the sale schedule, property details, and auction rules. Properties are sold “as is,” and buyers should verify information before bidding.
  1. Contact the County Office

    For any inquiries, contact the Craven County Tax Collection Division:

Important Details

DetailInformation
Tax Sale TypeTax Deed Sale
Typical Sale DateScheduled as needed, often announced via local sources
Bid ProcedurePremium Bid
Deposit20% of the successful bid amount
Auction SiteCraven County Courthouse, New Bern, NC, at noon
Upset Bid Period10 days after the initial bid
ContactCraven County Tax Collection Division: (252) 636-6605
Property ListingsCheck the bulletin board, The Sun Journal, or Zacchaeus Legal Services
Aerial View of Downtown New Bern Craven County North Carolina

Pro Tips

  • Verify Property Details: Always verify property boundaries and details before placing a bid.
  • Prepare Financially: Ensure you have the required deposit amount ready at the time of the sale.
  • Understand Risks: Properties are sold “as is,” and you might need to handle unpaid taxes or other liabilities.

Attractions and Economic Highlights of Craven County

  1. Popular Attractions

    Parks, theatres, and historic sites abound in Craven County, offering rich cultural and recreational activities.
  2. Transportation Infrastructure

    The county offers excellent connectivity through roads, rail, and nearby airports, making it easily accessible and convenient for investors and residents.
  3. Economic Development

    Growth sectors include agriculture, technology, and manufacturing, contributing to the county’s economic vitality.
  4. Community Appeal

    With outdoor recreational activities, entertainment options, and historical attractions, Craven County is a vibrant place to live and invest.

FAQs

Q: What is the typical deposit required at a tax deed auction?

A: The successful bidder must provide a 20% cash deposit at the sale.

Q: How do I find out about upcoming tax foreclosure sales?

A: Check the Craven County courthouse bulletin board, the county’s Property Foreclosures page or The Sun Journal.

Q: What happens if someone outbids me after the auction?

A: A 10-day upset bid period allows bidders to place higher bids, restarting the 10-day period with each new bid.

Need a Hand?

For more guidance on tax deed investing, feel free to reach out. Book a call or access free resources here for further assistance.

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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.

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